Standard Delivery Unit definition
Standard Delivery Unit means an amount of bagged Cocoa conforming to Rule
Standard Delivery Unit means an amount of bagged Cocoa having a nominal net weight of 10 Tonnes. “Supervision Company” is a company whose business is the supervision and/or inspection of goods and which is appointed by the Exchange for the purposes of performing inspections on behalf of the Exchange. “Supervisor” is a person employed exclusively by a Supervision Company and who is nominated by the Exchange to have sufficient experience and expertise in the sampling of Cocoa and Robusta Coffee. “Suspended” means that the related Warrant(s) shall not be valid for tender. “Top up” means the addition of material to a Delivery Unit which has fallen below the relevant weight tolerance as specified in the Contract Rules. “Warehouse” means a warehouse in respect of which a Warehousekeeper has been nominated by the Exchange in its absolute discretion to store Goods and which appears on the List of Nominated Warehouses and Warehousekeepers published from time to time by notice posted on the Market. A Warehouse shall, for the purposes of nomination under these GWPs, be a single structure designed or modified for the purpose of storing Goods, or groups of such structures connected by internal doors allowing for the passage of the relevant Goods. Where there are no such interconnecting doors between such structures these shall be nominated as separate Warehouses. “Warehousekeeper” means either a Single or Dual Capacity Warehousekeeper which has been nominated by the Exchange in its absolute discretion to store in its Warehouse Goods piled as either parcels, lots, Standard and Large Delivery Units or Standard, Large or Bulk Delivery Units, as the case may be, and to record such details that are represented by the Warrant on Guardian and which appears on the List of Nominated Warehouses and Warehousekeepers published from time to time by notice posted on the Market. “Warrant” means a Warrant for the delivery of a parcel, lot, or Delivery Unit stored in a Warehouse which authorises the possessor of such document to transfer or receive the parcel, lot or Delivery Unit referred to therein. “Withdrawal Request Form” means the document produced by Guardian when the Nominated Member selects within Guardian the Warrants to be withdrawn from the Depository. “Withdrawal Statement” means the report produced by Guardian when a Nominated Member requests the withdrawal of Warrants from the Depository in Guardian.
Standard Delivery Unit means an amount of bagged Cocoa conforming to term 3.04(aRule EEEE.3(d)(i) and having a nominal net weight of 10 tonnesTonnes.
Examples of Standard Delivery Unit in a sentence
D 2.12.1 In respect of a Standard Delivery Unit or Large Delivery Unit, details of which are represented by the Warrants recorded on Guardian and which is, or has been, the subject of a Valid Grading Result, the Cocoa may be rebagged at the discretion of the Exchange where the fabric of the bags comprising all or part of the Delivery Unit has become unsound or damaged, providing the Cocoa contained in such bags remains sound.
More Definitions of Standard Delivery Unit
Standard Delivery Unit means an amount of bagged Cocoa conforming to Contract Term 3.04(a) and having a nominal net weight of 10 tonnes.